Avalanche $AVAX is showing some serious strength as it bounces off the lower boundary of a symmetrical triangle on the weekly timeframe. The pattern structure remains intact, with the support holding firm, creating the perfect setup for a potential breakout. The proximity to the 50-week moving average adds another layer of confidence—this could be the calm before the storm.
The next targets are looking promising: \$30, then \$55, and possibly even \$120 if this breakout gains traction. Weekly patterns are known to deliver the biggest moves, and AVAX’s current setup is no exception. All eyes are on this crucial support level—if it holds, the rally could be just getting started.
Patience is key, but the chart is showing all the right signs for an explosive move. Time to wait and watch as the pattern takes shape.
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